Taxes are essential for funding government services from "summary" of Income Tax Fundamentals 2021 by Gerald E. Whittenburg,Martha Altus-Buller,Steven Gill
Taxes play a vital role in ensuring that the government has the necessary funds to provide essential services to its citizens. Without tax revenue, the government would not be able to finance programs such as national defense, public education, infrastructure development, and social welfare. The collection of taxes is a fundamental aspect of any modern society, as it allows the government to generate the income needed to carry out its duties and responsibilities. Through the imposition of taxes, the government is able to redistribute wealth, promote economic stability, and address societal needs. It is important to understand that taxes are not simply a burden on individuals and businesses; they are a necessary means of funding the services and programs that benefit society as a whole...Similar Posts
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